Teekay LNG Partners Upgraded to “Neutral” by Zacks (TGP)
Teekay LNG Partners (NYSE:TGP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Friday. The firm currently has a $45.50 target price on the stock. Zacks‘s price target suggests a potential upside of 2.20% from the stock’s previous close.
Shares of Teekay LNG Partners (NYSE:TGP) traded up 0.04% on Friday, hitting $44.54. The stock had a trading volume of 40,546 shares. Teekay LNG Partners has a 52-week low of $38.17 and a 52-week high of $45.42. The stock’s 50-day moving average is $43.66 and its 200-day moving average is $41.8. The company has a market cap of $3.305 billion and a price-to-earnings ratio of 20.26.
Teekay LNG Partners (NYSE:TGP) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.04. Analysts expect that Teekay LNG Partners will post $2.41 EPS for the current fiscal year.
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (NYSE:TGP), liquefied petroleum gas (LPG) and crude oil.
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